Asset manager · Chicago, IL
PPM America Inc
PPM America, Inc. · SEC-registered investment adviser · CRD 107269 · SEC 801-40783
At a glance
PPM America Inc is an SEC-registered investment adviser based in Chicago, Illinois, with $93.8 billion in regulatory assets under management as of its Form ADV filed May 29, 2026. Its largest client group by assets is insurance companies, and it reports 1 individual clients. By Form ADV it is a asset manager, ranked 141st of 3,218 asset managers and 275th of 17,210 SEC-registered advisers by assets.
Main office 312-634-2500ppmamerica.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $94B
- Rank among asset managers
- #141 of 3,218
- Rank among all SEC RIAs
- #275 of 17,210
- Rank in Illinois
- #19 of 684
- Individual clients
- 1
- High-net-worth clients
- 1
- Accounts
- 67
- Discretionary
- 99% of AUM
- Employees
- 217
- Advisory staff
- 117
- Offices
- 6
Owners and executives on its Form ADV
- Thomas R. BarrusSenior Vice President, Chief Compliance Officer
- Alison R. ReedDirector
- Mary T CapassoExecutive Vice President, Chief Operating Officer, General Counsel, Director
- Oliver JordanExecutive Vice President, Chief Financial Officer
- Savvas P. BiniorisDirector
- Christopher A. RaubPresident, Chief Executive Officer, Chairman of the Board, Director
- Thomas A. JandaDirector
Custody and brokerage
Broker-dealer
Hybrid RIA
PPM America Inc is a hybrid RIA: 8 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Jackson National Life Distributors LLC.
- Jackson National Life Distributors LLC ↗CRD 40178
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Insurance companies | 15 | $74B | 79% |
| Pooled investment vehicles | 26 | $12B | 13% |
| Other investment advisers | 1 | $4.4B | 5% |
| Investment companies | 1 | $3.4B | 4% |
| Pension and profit sharing plans | 1 | $52M | <1% |
| Corporations or other businesses | 1 | $32M | <1% |
| High-net-worth individuals | 1 | $2M | <1% |
Private funds
PPM America Inc reports 11 private funds with $2.8B in gross assets: private equity funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
PPM America Inc reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗ppmamerica.com ↗
AtlasMembers
The full record on PPM America Inc
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 226 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does PPM America Inc manage?
PPM America Inc reports $93.8 billion in regulatory assets under management across 67 accounts, 99% of it on a discretionary basis, on its Form ADV filed May 29, 2026.
What kind of firm is PPM America Inc?
PPM America Inc is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals. A public reporting company controls it.
Who are PPM America Inc’s clients?
By assets, its largest client types are insurance companies ($74.1 billion, 15 clients); pooled investment vehicles ($11.7 billion, 26 clients); other investment advisers ($4.4 billion, 1 clients).
Does PPM America Inc manage private funds?
Yes. It reports 11 private funds with $2.8 billion in gross assets, including private equity funds, other private funds.
Does PPM America Inc have any disciplinary history?
PPM America Inc reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is PPM America Inc’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-05-29), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →